CHICAGO, Aug. 6, 2024
/PRNewswire/ -- Hub International Limited (Hub), a leading global
insurance brokerage and financial services firm, announced today
the acquisition of Insurance Management Company (IMC). Terms of the
transaction were not disclosed.
Located in Erie, Pennsylvania,
IMC provides commercial insurance and risk management services to
commercial, industrial, institutional and construction risks,
which supports Hub's Specialty practice by complementing and
strengthening its existing capabilities.
"IMC is a highly recognized firm in the region, and we're
pleased to have them join Hub," said Chet
Rhoads, President of Hub Three Rivers (THR). "Their strong
experienced team, reputation and relationships will support and
enhance the broad range of services we offer to clients across the
region."
John Bloomstine, President, his
sons and the IMC team will join Hub THR.
"We are excited about this opportunity with Hub," said
John Bloomstine. "Hub's resources
and platform will take us to the next level and significantly
bolster our ability to meet our clients' growing needs."
IMC will be referred to as Insurance Management Company, a Hub
International company.
Insurance Management Company was represented by Reagan
Consulting for the transaction.
About Hub's M&A Activities
Hub International
Limited is committed to growing organically and through
acquisitions to expand its geographic footprint and strengthen
industry and product expertise. For more information on the Hub
M&A experience, visit WeAreHub.com.
About Hub International
Headquartered in
Chicago, Illinois, Hub
International Limited is a leading full-service global
insurance broker and financial services firm providing risk
management, insurance, employee benefits, retirement and wealth
management products and services. With more than 18,000 employees
in offices located throughout North
America, Hub's vast network of specialists brings clarity to
a changing world with tailored solutions and unrelenting advocacy,
so clients are ready for tomorrow. For more information,
visit Hub Media Center.
CONTACT:
Media: Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
M&A: Clark Wormer
Phone: 312-279-4848
Clark.wormer@hubinternational.com
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SOURCE Hub International Limited